The New CS Board

[jumanji0881]

Not logical -

Retail sales increase due in large part to higher prices (ie inflation) and the NY Manufacturing survey declined sharply. Yet gold is selling off due to inflation driven retail sales increase


US (Nominal) Retail Sales Unexpectedly Surge In September : https://www.zerohedge.com/personal-finance/us-nominal-retail-sales-unexpectedly-surge-september

Excerpt:
However, bear in mind that today's retail sales print is 'nominal' and so perhaps reflects more on soaring inflation than consumers' willingness to spend more.



AND
New York Fed Empire State Survey disappoints as it comes in at 19.8 : https://www.kitco.com/news/2021-10-15/New-York-Fed-Empire-State-Survey-disappoints-as-it-comes-in-at-19-8.html

Excerpt:
The regional central bank said its Empire State manufacturing survey's general business conditions index fell 15 basis points to 19.8 in October. The data disappointed as consensus forecasts were calling for a reading around 27.00.